Some elements on SRF.ch only work with activated JavaScript.
Contents
- Inflation in Switzerland fell further in May, to 2.2 percent.
- In April it was still 2.6 percent.
- Inflation was last as low as in May in February 2022.
In the first two months, inflation rose to 3.4 percent due to higher electricity and airfare prices, since then it has been falling steeply. The decline was as expected. Experts had estimated a value between 2.0 and 2.3 percent.
Price increase of imported goods slowed down
Domestic goods cost 2.4 percent more in May than a year earlier, and imported goods 1.4 percent. This means that imported goods in particular have not risen as much as in April. Core inflation, which excludes volatile commodities such as food, energy and fuel, fell to 1.9 from 2.2 percent.
Legend:
Food has become cheaper again.
Keystone/Christian Beutler
Compared to the previous month, the national consumer price index (CPI) rose by 0.3 percent to 106.3 points. Analysts had estimated a value between 0.0 and +0.4 percent. According to the BFS, the increase was due, among other things, to higher prices for apartment rentals and package tours abroad.
Development decisive for SNB interest rate decision
The development of inflation is one of the decisive factors for the Swiss National Bank’s (SNB) interest rate decision, which is scheduled for June 22nd. Most economists are currently assuming that the SNB will raise the key interest rate by a further 25 basis points to 1.75 percent.
SRF 4 News, June 5, 2023, 9 a.m.; sda/spic;hosb
Well informed at all times!
Receive all news highlights directly via browser push and always stay up to date.
Close
Well informed at all times!
Receive all news highlights directly via browser push and always stay up to date.
push notifications
You have already hidden this notice about the activation of browser push notifications several times. Do you want to permanently hide this notice or be reminded of it again in a few weeks?
Most Read Articles
Scroll left
Scroll right
Social Login
For the registration we need additional information about you.
{* #socialRegistrationForm *}
{* firstName *}
{* lastName *}
{* emailAddress *}
{* displayName *}
{* mobile *}
{* addressCity *}
{* /socialRegistrationForm *}